A Whale Takes Profits of $27 Million on BTC Short Position, Plans to Short at Larger Scale Again
BlockBeats News, May 19th, according to Hyperinsight monitoring, a major short position on Hyperliquid significantly closed for profit, simultaneously unwinding BTC and ETH short positions: The BTC short position was closed for approximately 363.2 coins (valued at around $27.8 million) at a closing price of $76,774; the ETH short position was closed for 2808 coins (valued at around $5.98 million) at a closing price of $2,130, with a total closing size of approximately $33.8 million.
After the closure, the address promptly placed a new sell order, planning to short 257.2 BTC (approximately $40 million) in the $77,500 to $78,000 range, and short 4,484 ETH at $2,230 (approximately $10 million).
Address: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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